Charles Schwab Investment Management Inc. Raises Stock Holdings in Avantor, Inc. (NYSE:AVTR)

Charles Schwab Investment Management Inc. raised its position in shares of Avantor, Inc. (NYSE:AVTR - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,528,759 shares of the company's stock after purchasing an additional 75,450 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.37% of Avantor worth $57,732,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its position in Avantor by 84.8% in the fourth quarter. Raymond James & Associates now owns 1,165,646 shares of the company's stock valued at $26,612,000 after buying an additional 534,901 shares during the last quarter. Federated Hermes Inc. increased its stake in shares of Avantor by 19.9% in the fourth quarter. Federated Hermes Inc. now owns 628,189 shares of the company's stock worth $14,342,000 after acquiring an additional 104,296 shares during the period. DAVENPORT & Co LLC raised its holdings in shares of Avantor by 17.6% during the fourth quarter. DAVENPORT & Co LLC now owns 2,283,767 shares of the company's stock worth $52,430,000 after purchasing an additional 342,452 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Avantor by 8.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 2,508,557 shares of the company's stock valued at $57,269,000 after purchasing an additional 194,031 shares during the period. Finally, Northern Trust Corp lifted its position in Avantor by 9.0% during the third quarter. Northern Trust Corp now owns 4,129,447 shares of the company's stock valued at $87,049,000 after purchasing an additional 342,553 shares during the period. 95.08% of the stock is owned by institutional investors and hedge funds.

Avantor Price Performance

Avantor stock traded up $0.01 during midday trading on Friday, reaching $24.99. The company had a trading volume of 3,319,053 shares, compared to its average volume of 5,618,923. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.05. Avantor, Inc. has a 12-month low of $16.63 and a 12-month high of $26.16. The company has a market capitalization of $16.97 billion, a P/E ratio of 64.05, a P/E/G ratio of 1.53 and a beta of 1.36. The firm's fifty day simple moving average is $25.07 and its 200-day simple moving average is $23.01.

Avantor (NYSE:AVTR - Get Free Report) last released its earnings results on Friday, April 26th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Avantor had a return on equity of 13.01% and a net margin of 3.79%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the business posted $0.29 earnings per share. The business's quarterly revenue was down 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that Avantor, Inc. will post 1.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVTR. JPMorgan Chase & Co. lifted their price objective on Avantor from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Thursday, February 15th. UBS Group boosted their price target on Avantor from $25.00 to $29.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Raymond James raised their price objective on shares of Avantor from $22.50 to $26.00 and gave the stock an "outperform" rating in a research note on Friday, January 26th. Robert W. Baird decreased their target price on shares of Avantor from $27.00 to $26.00 and set an "outperform" rating for the company in a research note on Monday, April 29th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Avantor from $23.00 to $25.00 and gave the stock a "hold" rating in a report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Avantor currently has a consensus rating of "Moderate Buy" and an average target price of $26.71.

Insider Buying and Selling at Avantor

In other news, EVP James Bramwell sold 6,203 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $24.49, for a total value of $151,911.47. Following the completion of the sale, the executive vice president now directly owns 101,143 shares in the company, valued at $2,476,992.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.50% of the stock is currently owned by insiders.

Avantor Company Profile

Avantor, Inc engages in the provision of mission-critical products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries in the Americas, Europe, Asia, the Middle East, and Africa. The company offers materials and consumables, such as purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, process chromatography resins and columns, analytical sample prep kits, education and microbiology products, clinical trial kits, peristaltic pumps, and fluid handling tips.